Price is going for a retest of the great resistance line at 3008CNY. All indicators good to go.
BTCCNY 1w : Price broke resistance line from all-time high but last week also triangle support line. MACD and CCI have been undecided for several weeks. TRIX has not broken resistance line. RSI should break out of its (smaller) triangle in the coming two weeks and show a general direction BTC will take (fakeouts excluded)
It looks like it wants to rally to the purple line.
All information is already provided by the markets, how beautiful it is.
2016 Bitcoin Bubble Mirroring 2013 Pre-Bubble Formation
For those of you who are looking to get long Bitcoin, watch the lines for a time to jump in before the next breakout.
Based on the news (btc-e has/had issue's / ddos attacks other exchanges?) i don't think we would hit 500 soon. My guessing is first the market will dump - price will go down to 330/340 and then buy. But i'm waiting to break the trendline and then join the move. What do you think?
Based on my experience, bitcoin market very often pumps and then corrects itself. Usually there are moves in like 20-40 USD and then correction half the way. I see the price rise for last few days, I expect it to reach like 425, maybe 430 and then I expect correction to like 410-400 range. I think this cycle will happen until sunday/monday. You should prepare...
The 02/23/16 downfall might have a 40-50% retracement before the end of the day . followed by a little fall and then we are back on the uptrend . i don't see any reason for any more falling under 2750 CNY . the Uptrend of last week is not dead but it need to breathe a little. we need some good news this week concerning bitcoin world , and some bad news concerning...
BTCUSD in a case of a massive stock market collapse will break 500$ and cloud swing to 660-700$ high.
Head and Shoulder Formed in MFI Which Signals Moving Down, it Also Shows a Bearish Divergence, and The Last It was at This Level was the Previous ATH. MACD is About to Cross Down. While I Remain Bullish in Longterm as Always, I'm Bearish for Now Because if it Wants to go Higher from Here it has to Gain Momentum Which Obviously Doesn't Have it for Now